Price for Copper; Powders and Flakes in the Philippines - 2023
Contents:
- Price for Copper; Powders and Flakes in the Philippines (CIF) - 2023
- Price for Copper; Powders and Flakes in the Philippines (FOB) - 2022
- Imports of Copper; Powders and Flakes in the Philippines
- Exports of Copper; Powders and Flakes in the Philippines
Price for Copper; Powders and Flakes in the Philippines (CIF) - 2023
The average copper; powders and flakes import price stood at $21,026 per ton in June 2023, reducing by -47.4% against the previous month. In general, the import price, however, continues to indicate a prominent expansion. The growth pace was the most rapid in April 2023 an increase of 372% m-o-m. As a result, import price reached the peak level of $45,033 per ton. From May 2023 to June 2023, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was Germany ($22,067 per ton), while the price for Japan ($18,220 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (+12.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Copper; Powders and Flakes in the Philippines (FOB) - 2022
In 2022, the average copper; powders and flakes export price amounted to $2,521 per ton, shrinking by -40.8% against the previous year. Over the period under review, the export price saw a deep slump. The most prominent rate of growth was recorded in 2013 an increase of 90% against the previous year. As a result, the export price reached the peak level of $13,676 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Malaysia.
From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to +5.8% per year.
Imports of Copper; Powders and Flakes in the Philippines
In 2022, supplies from abroad of copper; powders and flakeses decreased by -0.9% to 81 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 300%.
In value terms, copper; powders and flakes imports soared to $1.5M in 2022. Overall, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 473%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.
| Import of Copper; Powders and Flakes in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.9 | 97.2 | 329 | 1,117 | 974.7% |
| Japan | 1.2 | 7.0 | 12.5 | 197 | 447.6% |
| Germany | 4.9 | 75.4 | 68.8 | 156 | 216.9% |
| Malaysia | 48.7 | 85.9 | 179 | 25.4 | -19.5% |
| United States | 3.3 | 19.1 | 33.0 | 0.1 | -68.8% |
| Thailand | 8.8 | 38.9 | 51.6 | N/A | 142.1% |
| South Korea | 4.3 | 24.3 | 51.8 | N/A | 247.1% |
| Belgium | 1.8 | 43.1 | 18.2 | N/A | 218.0% |
| Brazil | 12.1 | 62.4 | 93.9 | N/A | 178.6% |
| Others | 40.8 | 274 | 250 | 7.0 | -44.4% |
| Total | 127 | 727 | 1,088 | 1,503 | 127.9% |
Top Suppliers of Copper; Powders and Flakes to the Philippines in 2022:
- United States (undefined tons)
- China (49.3 tons)
- Germany (16.2 tons)
- Japan (10.6 tons)
- Malaysia (4.6 tons)
Exports of Copper; Powders and Flakes in the Philippines
For the fourth consecutive year, the Philippines recorded growth in overseas shipments of copper; powders and flakeses, which increased by 20% to 70 tons in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +17.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 28% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, copper; powders and flakes exports contracted notably to $176K in 2022. In general, exports, however, recorded a mild descent. The pace of growth was the most pronounced in 2020 with an increase of 48% against the previous year. As a result, the exports attained the peak of $271K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Copper; Powders and Flakes in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 3.3 | 14.2 | 16.7 | 176 | 276.4% |
| Thailand | 154 | 133 | 179 | N/A | 7.8% |
| China | 10.8 | 24.1 | 27.1 | N/A | 58.4% |
| India | N/A | 90.8 | N/A | N/A | 0% |
| Others | 14.3 | 8.1 | 24.7 | N/A | 31.4% |
| Total | 183 | 271 | 247 | 176 | -1.3% |
Top Export Markets for Copper; Powders and Flakes from the Philippines in 2022:
- Malaysia (69.6 tons)
405
This report provides an in-depth analysis of the copper powder market in the Philippines.
684
This report provides an in-depth analysis of the global copper powder market.
405
This report provides an in-depth analysis of the copper powder market in the Philippines.
684
This report provides an in-depth analysis of the global copper powder market.
94
Explore the top countries leading the global import market for copper powder in 2023. From Malaysia to Germany, these nations play a crucial role in the trade of this essential material.
94
Explore the top countries leading the global import market for copper powder in 2023. From Malaysia to Germany, these nations play a crucial role in the trade of this essential material.
